President Donald Trump Appears Set to Extend a 112-Year Streak -- Will Wall Street Pay the Price?
Donald Trump may be staring down dubious history.
For the better part of the last two and a half years, the bulls have been running the show on Wall Street. Prior to the latest stock market correction, the iconic Dow Jones Industrial Average (DJINDICES: ^DJI), benchmark S&P 500 (SNPINDEX: ^GSPC), and growth-fueled Nasdaq Composite (NASDAQINDEX: ^IXIC) had recently hit fresh, all-time closing highs.
Among the many catalysts that have propelled these three stock indexes higher is the November election of Donald Trump to a nonconsecutive second term.
During President Trump's first term in the White House, the Dow Jones, S&P 500, and Nasdaq Composite respectively soared by 57%, 70%, and 142%. Investors are hoping another round of corporate income tax cuts, coupled with deregulation, will lead to an encore performance for the stock market.
